secwatch.observer — SEC 8-K summary
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Issuer:     Weave Communications, Inc. (WEAV)
CIK:        0001609151
Form:       8-K
Filed at:   2026-10-26T20:40:03+00:00
Accession:  0001609151-26-000120
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Francisco Partners closes $7.40/share Weave buyout, ~34% premium; WEAV delisted from NYSE
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- All-cash deal valued at approximately $650 million; stockholders receive $7.40 per share, a ~34% premium to Weave's unaffected close on August 17, 2026.
- Total merger consideration paid to stockholders was approximately $597.46 million, funded by Francisco Partners VII funds, new debt and Weave cash.
- New credit agreement with Hercules Capital as agent: $190M term loan, $25M delayed draw term loan and $25M revolver; First-Citizens revolver repaid and terminated.
- Eight directors resigned at closing, including Ryan Dubin, Stuart C. Harvey Jr. and George P. Scanlon; Brett White and Jason Christiansen became directors of the surviving company.
- Cooperation Agreement with Engine Capital and 2717 Partners, dated March 28, 2026, was mutually terminated effective at closing; Weave remains private, HQ in Lehi, Utah.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609151/000160915126000120/0001609151-26-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609151/000160915126000120/weav-20261026.htm
  HTML page:      https://secwatch.observer/filing/0001609151-26-000120

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